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Technology Stocks : All About Sun Microsystems
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To: Prognosticator who wrote (39555)12/21/2000 6:32:14 AM
From: Steve Lee  Read Replies (3) of 64865
 
1000 -> 2300 in 4 yrs is only 23% annualised. That is not excessive for a period in which many companies were doubling earnings each year.

In fact, I would say we are undervalued at 2300 today compared to at 1000 4 yrs ago. Of course there are still many stocks that are overvalued and the AMZN's of the world need to follow ETYS into oblivion before the bubble has truly burst. But there are many good stocks now which are undervalued on fundamentals. SUNW is not one of them, but it is back in the realms of reality and its haircut is over.
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